40% bypass of Straight of Hormuz

[Michael Stora]

Kuwait just opened a new pipeline to the Indian ocean (just went into operation 7/15) and Saudi Arabia has converted a natural gas pipeline that runs to the Red Sea to oil. Iran is threatening to mine the straight in retaliation for sanctions.

Mike

[Hoosier]

[2FAST4U]

[Jim Bochicchio]

[Greg_M]

Jim,
That could raise the pump price a few cents

Greg

[Greg_M]

Saudi oil loading ports:

Saudi Arabia has three primary oil export terminals:


Through the Strait of Hormuz:
• The Ras Tanura complex has approximately 6 million bbl/d capacity, and the world's largest offshore oil loading facility. It includes the 2.5-million bbl/d port at Ras Tanura. More than 75 percent of exports are loaded at the Ras Tanura Facility.

• The 3 to 3.6-million bbl/d Ras al-Ju'aymah facility on the Persian Gulf.

Red Sea:
• The Yanbu terminal on the Red Sea, from which most of the remaining 25 percent is exported, has loading capacity of approximately 4.5 million bbl/d crude and 2 million bbl/d for NGL and products. The facility is reportedly not used to full capacity.These and a dozen other smaller terminals throughout the country, appear capable of exporting up to 14-15 million bbl/d of crude and refined products, 3-4 million bbl/d higher than Saudi Arabia's current crude oil production capacity.

Greg

[expat]

Originally Posted by Greg_M

Jim,
That could raise the pump price a few cents

Greg

I would pay $7 a gallon to see that come to fruition

[Finallygotit]

Originally Posted by expat

I would pay $7 a gallon to see that come to fruition

X2+

[rich grsc]

Originally Posted by Jim Bochicchio

My cousin said 10 yrs ago, turn it to glass.

[Davey]

Jim...............I just love that "final solution"...............